Connect with us

Published

on

In the summer of 2022, the 1.7 million square-foot office tower at 787 Seventh Avenue was less than 20% occupied by employees of such tenants as BNP Paribas, Sidley Austin and Willkie Farr.

Aldo Sohm Wine Bar, a sister restaurant to three-Michelin-star Le Bernardin, struggled to draw a lunch crowd. But now, 787 Seventh is mostly full except on Fridays, according to CBRE power-broker Howard Fiddle, the buildings leasing agent.

They brought their people back midweek, Fiddle said. And Monday is picking up too.

Le Bernardin chef-owner Eric Ripert, whose restaurant is on the ground floor of 787, confirmed the welcome trend, which he termed great news for the wine bar in the building arcade.

The 787 Seventh office influx illustrates broad findings of the Real Estate Board of New Yorks new Manhattan Office Building Visitation Report, to be released Monday.

The data present a more optimistic and nuanced picture than what Durst Organization principal David Neil called certain gloomy headlines about the slow-but-steady office-return trend as more companies, especially in finance and law, bring their staff in at least three days a week — and others plan to make it four.

The REBNY study corrects the common misconception that current occupancy rates cited in surveys (including REBNY’s own and the oft-cited Kastle Systems Back to Work Barometer) are based on what many people believe were full offices before COVID hit.

However, REBNY points out, It would be inaccurate to define full recovery of the office market as returning to 100% occupancy — which it calls a goal line that never existed. In fact, pre-pandemic offices were only occupied by employees at 80% of their total capacity for around four days a week.

Attendance plummeted to under 10% of pre-COVID levels during the pandemic and has since rebounded — although not to 2019 levels. But how strong the recovery has been is open to interpretation.

REBNY used proprietary data from Placer.ai to measure a sample of 50 key Manhattan office buildings (Placer.ais algorithm identifies employees mobile-device visits). It found that employee office visits Tuesday through Thursday in the first five months of 2023 averaged 68% of 2019 levels — much higher than Kastles roughly 50% Manhattan estimate.

The numbers dropped on Mondays to 56% of what they were in 2019 and 37% on Fridays, according to REBNY.

A different REBNY metric called same-day comparison, which compares certain specific days such as the first Friday of April 2023 to the first Friday of April 2019, cited an even higher percentage of pre-pandemic attendance — 73%.

REBNYs director of market data Keith DeCoster, who wrote the report, said it makes even clearer that employee visitation rates continue to rebound strongly during mid-week days, while total office building visitation rates are also growing throughout the week, even amid hybrid work policies.

The total visitation data include visits to office building components such as stores, restaurants, galleries and medical facilities. The survey included them because office buildings have a bigger impact on the economy than offices alone, DeCoster said.

Fiddle strongly endorsed the REBNY findings.

I believe the return-to-office numbers are empirically up,” he said. “Nobody says theyre seeing fewer people in the office.

He noted that Midtowns Class-A properties are in a stronger position than in Midtown South or Downtown because financial and law firms want their people back.”

“Walk up or down Park Avenue and everythings full, Fiddle said.

Not so in other parts of Manhattan with tech and creative industries, which can more easily adapt to remote work.

Continue Reading

Entertainment

Bob Vylan dropped by talent agency – as BBC expresses ‘regret’ over streaming of Glastonbury performance

Published

on

By

Bob Vylan dropped by talent agency - as BBC expresses 'regret' over streaming of Glastonbury performance

The BBC has said it regrets not pulling the live stream of Bob Vylan’s “unacceptable” Glastonbury set – as Ofcom said the broadcaster had “questions to answer”.

The corporation has faced mounting criticism over airing the performance on Glastonbury‘s West Holts Stage, during which the rap-punk duo’s frontman Bobby Vylan led chants of, “free, free Palestine”, and “death, death to the IDF [Israel Defence Forces]”.

Sir Keir Starmer condemned the remarks as “appalling hate speech”, while festival organiser Emily Eavis said they “crossed a line” – and media watchdog Ofcom has now also released a statement raising concerns.

On Monday morning, a spokesperson for the prime minister did not directly answer when asked if he still had confidence in BBC director-general Tim Davie.

Sky News understands the band have since been dropped by representatives United Talent Agency.

Please use Chrome browser for a more accessible video player

What is the Glastonbury controversy?

During Bob Vylan’s set on Saturday, they performed in front of a screen that showed several messages, including one that said Israel’s actions in Gaza amount to “genocide”.

Footage from the performance shows some of the crowd joining in with the chants.

Amid criticism afterwards, the BBC said there had been a warning on screen about potential “strong and discriminatory language”, but described the comments as “deeply offensive”.

On Monday, a spokesperson released an updated statement, saying the comments were antisemitic and the performance should have been taken off air.

“The BBC respects freedom of expression but stands firmly against incitement to violence,” the statement said. “The antisemitic sentiments expressed by Bob Vylan were utterly unacceptable and have no place on our airwaves. We welcome Glastonbury’s condemnation of the performance.”

Bob Vylan member on stage. Pic: PA
Image:
Pic: PA

A judgement to issue a warning on screen while streaming online was in line with editorial guidelines, the spokesperson added, and the performance has not been made available to view on demand.

“The team were dealing with a live situation but with hindsight we should have pulled the stream during the performance. We regret this did not happen.

“In light of this weekend, we will look at our guidance around live events so we can be sure teams are clear on when it is acceptable to keep output on air.”

Ofcom’s reaction

An Ofcom spokesperson said: “We are very concerned about the live stream of this performance, and the BBC clearly has questions to answer.

“We have been speaking to the BBC over the weekend and we are obtaining further information as a matter of urgency, including what procedures were in place to ensure compliance with its own editorial guidelines.”

In a statement shared on Instagram on Sunday, Bobby Vylan said: “Teaching our children to speak up for the change they want and need is the only way that we make this world a better place.

“As we grow older and our fire starts to possibly dim under the suffocation of adult life and all its responsibilities, it is incredibly important that we encourage and inspire future generations to pick up the torch that was passed to us.”

The latest developments follows severe condemnation from the prime minister, who said there was “no excuse for this kind of appalling hate speech”.

Mo Chara of Kneecap at Glastonbury. Pic: Reuters
Image:
Mo Chara of Kneecap at Glastonbury. Pic: Reuters

Sir Keir also referenced a previous statement that Belfast rap group Kneecap, who were on stage after Bob Vylan, should have been removed from the line-up after one member was charged with a terrorism offence.

“I said that Kneecap should not be given a platform and that goes for any other performers making threats or inciting violence,” he said.

Ms Eavis, whose father Michael co-founded the festival, said in a statement that Bob Vylan had “very much crossed a line”.

She added: “Their chants very much crossed a line and we are urgently reminding everyone involved in the production of the festival that there is no place at Glastonbury for antisemitism, hate speech or incitement to violence.”

Read more:
Who are Bob Vylan?
British-Israeli soldier killed while fighting in Gaza
Trump calls for ceasefire deal

The Israeli embassy posted on X in the hours after the set, saying it was “deeply disturbed by the inflammatory and hateful rhetoric”.

It said the slogan used “advocates for the dismantling of the State of Israel”.

In a separate post on X on Sunday, Israel’s foreign ministry published graphic footage following the attack by Hamas on the Nova festival in Israel on 7 October 2023, and the Campaign Against Antisemitism (CAA) said it would be formally complaining to the BBC over its “outrageous decision” to broadcast the performance.

Speaking to Sky News’ Sunday Morning With Trevor Phillips on behalf of the government, Health Secretary Wes Streeting described the chant as “appalling”, especially at a music festival – “when there were Israelis at a similar music festival who were kidnapped, murdered, raped, and in some cases still held captive”.

He added that while “there’s no justification for inciting violence against Israelis… the way in which Israel’s conducting this war has made it extremely difficult for Israel’s allies around the world to stand by and justify”.

Lucy McMullin, who was in the crowd for Bob Vylan, told Sky News: “When there’s children and civilians being murdered and starved, then I think it’s important that people are speaking out on these issues.

“However, inciting more death and violence is not the way to do it.”

Police have said they are reviewing footage of both the Bob Vylan and Kneecap sets to assess whether any criminal offences were committed.

Speaking to Sky News, women and equalities minister Baroness Jacqui Smith said the comments “clearly” over-stepped the mark.

“I’m surprised that the BBC carried on broadcasting them live when it was obvious what was happening.”

Continue Reading

Entertainment

RuPaul’s Drag Race star The Vivienne died by ‘misadventure’, inquest finds

Published

on

By

RuPaul's Drag Race star The Vivienne died by 'misadventure', inquest finds

An inquest has found drag queen The Vivienne did not intend to take their life when they died after taking ketamine.

Coroner Jacqueline Devonish concluded The Vivienne, whose real name is James Lee Williams, died by “misadventure” after suffering cardio respiratory arrest.

Williams, who won the first series of RuPaul’s Drag Race UK in 2019, was found dead at the age of 32 in the bath at their home in Cheshire on 5 January this year.

In March, the star’s family revealed the performer had died “from the effects of ketamine use causing a cardiac arrest”, saying they wanted to raise awareness about the dangers of the drug.

Cheshire Coroner’s Court heard five drug snap bags were found, including in a bedroom draw and a bin in the bathroom, in their home in Chorlton-by-Backford, near Chester.

Police attended and confirmed there were no suspicious circumstances.

The inquest heard friends and family had no worries about Williams’s mental health and the performer was looking forward to future roles on TV and in the theatre, although did “occasionally” take ketamine.

The star’s family told the hearing the performer should not be remembered for their use of the Class B drug and that drugs did not define the person they were.

Williams’s father Lee Williams described them as “an outgoing character who was full of life” and “just wanted to make people laugh”.

“He achieved his goals. He had future goals he wanted to achieve. Along the way he always wanted to try to help his community, which he did and try to help other drag queens,” he said.

“He was always available. He never turned anybody down. He never turned his back on anybody. He never said no.

“He loved the stage, that’s where he saw the rest of his career being, on the stage, in the theatre. That’s what he loved to do.”

Williams’s funeral in Bodelwyddan, Denbighshire, North Wales, was attended by RuPaul’s Drag Race UK contestants Tia Kofi and Baga Chipz, along with Steps singer Ian “H” Watkins, TV personality Kim Woodburn and Coronation Street actress Claire Sweeney.

The Vivienne poses for photographers upon arrival at the premiere of the film 'Wicked' on Monday, Nov. 18, 2024, in London. (Photo by Millie Turner/Invision/AP)
Image:
The Vivienne at the premiere of the film ‘Wicked’ in November 2024. Pic: AP

During their time on the show, under their drag name, Williams admitted having been a drug addict for four years.

“It was party, drugs, but I couldn’t leave the drugs at the party, it was constant for me,” they said.

They added that their addiction was a “habit that caught on a bit too quick and a bit too hard”.

The TV personality, who grew up in Colwyn Bay, North Wales, before moving to Liverpool, came third in the 2023 edition of Dancing On Ice.

The star performed as the Wicked Witch of the West in a UK and Ireland tour of The Wizard Of Oz musical and reprised the role in the West End at the Gillian Lynne Theatre last year.

They were due back on stage in March as the Childcatcher in a tour of Chitty Chitty Bang Bang, a role they first played last year.

The government is seeking expert advice after illegal use of ketamine surged to record levels.

In the year ending March 2023, an estimated 299,000 people aged 16 to 59 had reported use of the substance, which is controlled as class B, according to the Home Office.

Continue Reading

Technology

Oracle stock jumps after $30 billion annual cloud deal revealed in filing

Published

on

By

Oracle stock jumps after  billion annual cloud deal revealed in filing

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.

Joe Raedle | Getty Images

Oracle shares jumped more than 5% after a recent filing showed a cloud deal that would add over $30 billion annually.

CEO Safra Catz is slated to share the deal news at a company meeting Monday, according to a filing with the Securities and Exchange Commission. The revenues are expected to start hitting in the 2028 fiscal year.

“Oracle is off to a strong start in FY26,” Catz is expected to say, according to the filing. “Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28.”

The deals revealed Monday by Catz will not affect the company’s 2026 guidance, according to the filing.

Read more CNBC tech news

Oracle shares hit record high

Continue Reading

Trending